October 4, 2021 By Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico’s cycle of rate hikes is not yet over and one or two increases are likely forthcoming amid concerns about inflation, though any monetary policy moves will depend on incoming data, Deputy Governor Jonathan Heath said on Monday. Expressing concern about above-target inflation, […]
Play director questioned in Lebanon, fuelling freedom worries
October 4, 2021 By Issam Abdallah BEIRUT (Reuters) – A theatre director whose play was reported to the Lebanese authorities for allegedly criticising the president was released without charge after questioning on Monday, his lawyer said, in a case that has fuelled worry about freedom of expression in Lebanon. The director, Awad Awad, was also […]
Oil settles above $81 with OPEC+ sticking to output increase
October 4, 2021 By Laura Sanicola (Reuters) -Oil jumped to a three-year peak on Monday after OPEC+ confirmed it would stick to its current output policy as demand for petroleum products rebounds, despite pressure from some countries for a bigger boost to production. The producer club’s decision to keep increasing oil output gradually sent prices […]
Evergrande eyeing $5 billion property unit sale; rival Fantasia misses payment
October 4, 2021 By Tom Westbrook and Donny Kwok HONG KONG (Reuters) -Debt-saddled China Evergrande is set to raise more than $5 billion by selling a majority stake in its property management arm, Chinese media said on Monday, a deal which would be the struggling giant’s largest asset sale yet if it goes ahead. Once […]
Facebook ‘accountable to no one,’ whistleblower will say in testimony
October 4, 2021 By David Shepardson WASHINGTON (Reuters) – Former Facebook employee and whistleblower Frances Haugen will tell Congress Tuesday the company faces little oversight and will liken the social media giant to tobacco companies that for decades denied that smoking damaged health, according to testimony seen by Reuters. “When we realized tobacco companies were […]
Investors share how infrastructure as code is taking over DevOps
Infrastructure as code (IaC) has been gaining wider adoption among DevOps teams in recent years, but the complexities of data center configuration and management continue to create problems — and opportunities. We surveyed top investors in IaC startups to find out more. Overall, they see a lot of room for growth given all of the […]
Henrietta Lacks’ estate says pharma company profited from stolen cells
October 4, 2021 By Blake Brittain (Reuters) – The estate of a Black woman whose cervical cells were taken from her decades ago without her permission sued a pharmaceutical company on Monday, saying it made a “conscious choice” to mass produce the cells and profit from a “racially unjust medical system.” Henrietta Lacks’ estate hasn’t […]
Senator asks Facebook CEO to answer questions on teen safety
October 4, 2021 By David Shepardson WASHINGTON (Reuters) -Democratic Senator Ed Markey on Monday asked for answers from Facebook Chief Executive Mark Zuckerberg after new research suggested the social media company failed to prevent display of harmful advertisements to teen Facebook users. Markey cited comments by a Facebook executive before Congress last week that the […]
White House: Biden to hold meeting with progressives, discuss smaller bill
October 4, 2021 WASHINGTON (Reuters) – President Joe Biden will hold a virtual meeting with left-leaning progressive lawmakers from the House of Representatives on Monday afternoon to discuss a social spending bill, which he plans to make clear will be smaller than they hoped, the White House said. White House spokesperson Jen Psaki said Biden […]
Jordanian king says he has nothing to hide as leaked papers cite his wealth
October 4, 2021 By Suleiman Al-Khalidi AMMAN (Reuters) -King Abdullah of Jordan said on Monday he had nothing to hide following leaks of financial documents that showed he used offshore accounts to buy expensive properties abroad. Earlier, a palace statement reacting to the leak of what major news outlets called a secret trove of documents […]
Paris landmark sheds its wrapper as art installation ends
October 4, 2021 PARIS (Reuters) – After a month wrapped in silvery-blue plastic as part of an art installation, Paris landmark the Arc de Triomphe was returning to its familiar form on Monday as work to dismantle the wrapping got underway. The plan to encase the 19th century arch was originally conceived by the late […]
U.S. urges fair treatment for Georgia’s Saakashvili
October 4, 2021 WASHINGTON (Reuters) – The U.S. State Department said on Monday it is following developments in Georgia closely and urged the country to ensure detained former president Mikheil Saakashvili is treated fairly. Georgia’s ruling party won a commanding lead in a municipal election held a day after the arrest of Saakashvili, who had […]
Pandora Papers: Rich and powerful deny wrongdoing after dump of purported secrets
October 4, 2021 (Removes in paragraphs 1 and 23 the description of Reliance Group as India’s largest conglomerate) WASHINGTON (Reuters) – The Czech prime minister, the king of Jordan and the chairman of a well-known Indian conglomerate were among global figures denying wrongdoing on Monday after the leak of what major news outlets called a […]
Neurodiversity and the software design dilemma
Pouyan Salehi Contributor Share on Twitter Pouyan Salehi is the co-founder and CEO of Scratchpad. Homo sapiens is truly a diverse species. We appear distinct from each other based on our origins in various regions of the planet; we communicate using thousands of languages; we have different thought patterns based on our experiences, heritage and […]
Informatica’s IPO will test public markets’ appetite for slower-growing tech offerings
Informatica filed to go public late last week, some six years after it was taken private by two private equity teams for $5.3 billion. The data-focused company used its passage through the private markets to execute a move to the cloud, work that came to a head in early 2021, when Informatica announced its dive […]
Citadel Securities avoids crypto due to regulatory uncertainty – founder
October 4, 2021 (Reuters) – Ken Griffin, founder of Citadel Securities, one of the world’s biggest market makers, said the firm does not trade cryptocurrencies because of the regulatory uncertainties around the digital assets. “I just don’t want to take on the regulatory risk in this regulatory void that some of my contemporaries are willing […]
State Department says U.S. is reviewing findings from Pandora Papers
October 4, 2021 WASHINGTON (Reuters) – The United States is reviewing findings of leaked financial documents known as the Pandora Papers, but is not in a position to comment on specifics, State Department spokesman Ned Price said at a regular news briefing on Monday. A massive leak of documents was published by several major news […]
Wall Street tumbles as rising Treasury yields sink Big Tech
October 4, 2021 By Noel Randewich (Reuters) – Wall Street tumbled on Monday as investors dumped Big Tech and other growth stocks in the face of rising Treasury yields, while concerns about a potential U.S. government debt default offered another reason for caution. Apple, Microsoft, Amazon and Alphabet, the U.S. stock market’s four most valuable […]
Pharmacy chains go on trial in 1st case over U.S. opioid epidemic
October 4, 2021 By Grant Segall CLEVELAND (Reuters) -A lawyer for two Ohio counties told a federal jury on Monday at the start of a closely-watched opioid trial that oversight failures by four large pharmacy operators including CVS Health Corp and Walmart Inc helped fuel the deadly U.S. health crisis. Mark Lanier told a federal […]
Hollywood off screen union members authorize strike if talks fail
October 4, 2021 By Jill Serjeant LOS ANGELES (Reuters) -Members of the union representing camera operators, make-up artists and other behind-the-scenes workers on Hollywood films and television shows have voted resoundingly to authorize a strike if they can’t reach agreement with producers on a new contract, the union said on Monday. The International Alliance of […]